CNH Industrial NV [CNHI] moved down -0.16: Why It’s Important

CNH Industrial NV [NYSE: CNHI] closed the trading session at $12.28. The company report on February 1, 2024 at 4:15 PM that Case IH Presents Autonomous and Automated Solutions at IGW’s Agricultural Engineering Innovation Forum.

Case IH, a brand of CNH, recently capitalized on the Agricultural Engineering Innovation Forum at this year’s International Green Week in Berlin. At the Forum, CNH reinforced its role in resolving challenges in agriculture by assisting farmers in boosting productivity and profitability, whilst generating additional value and promoting resource conservation.

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“Together with other well-known agritech businesses, we are seeking in-depth dialogue with consumers and decision-makers in politics and institutions at the Farm Experience in Hall 3.2 of International Green Week,” says Marc-Peter Bormann, Managing Director of CNH Deutschland GmbH.

The stocks have a year to date performance of 0.82 percent and weekly performance of 2.93 percent. The stock has been moved at -12.60 percent over the last six months. The stock has performed 2.76 percent around the most recent 30 days and changed 11.43 percent over the most recent 3-months.

If compared to the average trading volume of 15.13M shares, CNHI reached to a volume of 19751961 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about CNH Industrial NV [CNHI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNHI shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNHI stock is a recommendation set at 2.13. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

DA Davidson have made an estimate for CNH Industrial NV shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 23, 2024.

The Average True Range (ATR) for CNH Industrial NV is set at 0.27, with the Price to Sales ratio for CNHI stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 2.05, with the Price to Cash per share for the same quarter was set at 2.77.

CNHI stock trade performance evaluation

CNH Industrial NV [CNHI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.93. With this latest performance, CNHI shares gained by 2.76% in over the last four-week period, additionally sinking by -12.60% over the last 6 months – not to mention a drop of -31.40% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNHI stock in for the last two-week period is set at 64.24, with the RSI for the last a single of trading hit 69.34, and the three-weeks RSI is set at 60.84 for CNH Industrial NV [CNHI]. The present Moving Average for the last 50 days of trading for this stock 11.53, while it was recorded at 12.15 for the last single week of trading, and 12.80 for the last 200 days.

CNH Industrial NV [CNHI]: An insightful look at the core fundamentals

CNH Industrial NV’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.55 and a Current Ratio set at 5.66.

Earnings per share (EPS) analysis for CNH Industrial NV [CNHI] stock

With the latest financial reports released by the company, CNH Industrial NV posted 0.36/share EPS, while the average EPS was predicted by analysts to be reported at 0.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNHI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CNH Industrial NV go to 7.40%.

CNH Industrial NV [CNHI]: Institutional Ownership

The top three institutional holders of CNHI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CNHI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CNHI stock with ownership which is approximately 5.8325%.